Vista to Acquire Majority Stake in Banque Agricole et Commerciale
Vista Group Holding, a pan-African financial services group has obtained all required regulatory approvals, including authorization from the relevant authorities, for the acquisition of a 90% stake in Banque Agricole et Commerciale (BAC) in Chad. The bank is now fully integrated into the Group’s banking network and operates under the name Vista Bank Chad. This acquisition forms part of the Group’s regional development strategy to strengthen its long-term presence in Central Africa and support the transformation of local financial ecosystems, serving individuals, businesses, and institutions. Through this acquisition, Vista is progressively deploying its pan-African banking model, built on innovation, financial inclusion, close customer engagement, and operational excellence. “This acquisition marks a significant milestone in our pan-African expansion strategy. Chad represents a high-potential market, and we are committed to building a strong, modern, and inclusive financial institution that supports local and regional economic development,” Simon Tiemtoré, Chairman of Vista Group Holding. This new presence will enable Vista to contribute to financing the Chadian economy, support the private sector, and strategic projects, while expanding access to financial services. “Our priority is to ensure a smooth and structured integration of Banque Agricole et Commerciale (BAC) into the Vista Group, by aligning processes, teams, and offerings with our standards. We aim to build a bank focused on performance, service quality, and sustainable impact,” Yao Kouassi, Group Chief Executive Officer of Vista Group Holding. With this acquisition, Vista Group Holding reaffirms its ambition to build a leading pan-African banking group committed to inclusive and sustainable growth across the continent.
